iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $191.84 and last traded at $191.84, with a volume of 9372 shares. The stock had previously closed at $188.46.
iShares U.S. Basic Materials ETF Trading Down 0.7%
The stock has a market cap of $1.26 billion, a P/E ratio of 22.43 and a beta of 0.96. The company has a 50-day moving average price of $181.15 and a two-hundred day moving average price of $180.57.
Institutional Investors Weigh In On iShares U.S. Basic Materials ETF
Institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in iShares U.S. Basic Materials ETF by 64.2% in the first quarter. The Manufacturers Life Insurance Company now owns 767,520 shares of the company’s stock worth $135,022,000 after purchasing an additional 300,080 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at approximately $71,967,000. Bank of America Corp DE grew its stake in shares of iShares U.S. Basic Materials ETF by 176.5% during the first quarter. Bank of America Corp DE now owns 374,722 shares of the company’s stock valued at $65,921,000 after buying an additional 239,188 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Basic Materials ETF by 129.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock valued at $23,917,000 after buying an additional 87,723 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of iShares U.S. Basic Materials ETF by 1.0% in the fourth quarter. LPL Financial LLC now owns 101,607 shares of the company’s stock worth $15,643,000 after buying an additional 964 shares during the period.
iShares U.S. Basic Materials ETF Company Profile
The iShares U.S. Basic Materials ETF (IYM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a broad, market-cap-weighted index of US basic materials companies that includes raw materials such as metals, chemicals and forestry products. IYM was launched on Jun 12, 2000 and is managed by BlackRock.
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